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OMB Control No: 1506-0076	ICR Reference No: 202608-1506-002
Status: Received in OIRA	Previous ICR Reference No: 202505-1506-002
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Beneficial Ownership Information Reporting Requirements
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular	Date Submitted to OIRA: 09/24/2026

	Requested	Previously Approved
Expiration Date	36 Months From Approved	11/30/2026
Responses	12,790	133,089
Time Burden (Hours)	10,824	86,125
Cost Burden (Dollars)	0	0

Abstract: On August 14, 2026, FinCEN issued a final rule to adopt as final and with certain limited changes the interim final rule issued on March 26, 2025, which narrowed beneficial ownership information (BOI) reporting requirements under FinCEN’s regulations implementing the Corporate Transparency Act (CTA). In particular, this final rule not only continues to exempt reporting companies from having to report the BOI of U.S. person beneficial owners and U.S. person beneficial owners from having to provide BOI to reporting companies; it also exempts reporting companies from having to submit information about their U.S. person company applicants to FinCEN and exempts U.S. person company applicants from any obligation to provide their information. In addition, the final rule exempts all U.S. persons from the requirement to update information already provided to FinCEN in connection with obtaining a FinCEN identifier (FinCEN ID).

Authorizing Statute(s): PL: Pub.L. 116 - 283 6403 Name of Law: Corporate Transparency Act

Citations for New Statutory Requirements: PL: Pub.L. 116 - 283 6403 Name of Law: Corporate Transparency Act

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1506-AB67	Final or interim final rulemaking	91 FR 52508	08/14/2026

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 13688	03/26/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 13688	03/26/2025
Did the Agency receive public comments on this ICR? Yes

ICR Summary of Burden

	Total Request	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	12,790	133,089	-120,299
Annual Time Burden (Hours)	10,824	86,125	-75,301
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The estimated change in total aggregate reporting burden hours, for PRA purposes on a going-forward basis from the IFR to the Final Rule, is an additional reduction of burden by approximately 75,301 burden hours per year, on average. The estimated change in total reporting cost is a reduction by approximately $20 million dollars per year, on average. This reduction in burden reflects several changes, which can be broadly grouped as (1) changes due to rule modifications and (2) changes due to data evaluation refinements since the IFR. Changes due to rule modifications: The Final Rule further narrows the IFR’s reporting requirements by exempting reporting companies from having to submit BOI about their U.S. person company applicants to FinCEN. This change is expected to lower both (1) the complexity of future BOIRs in terms of the number of reported persons and (2) the number of FinCEN ID applications submitted. The Final Rule also newly exempts U.S. persons from the requirement to update information filed when applying for a FinCEN ID, lowering the expected number of future updates submitted for existing FinCEN IDs. Changes due to data evaluation refinements: For the Final Rule, FinCEN updated the data analysis prepared for the IFR on existing reporting company exemptions, reporting company complexity, and the proportion of reporting companies and FinCEN ID holders that make updates to the information previously provided to FinCEN. These analytical updates resulted in a lower number of expected BOIRs due to a higher share of foreign companies registered to do business in the United States being exempt under the Final Rule, less complex reports for those who submit BOIRs, and fewer updates to information provided to FinCEN through BOIRs or FinCEN ID applications. Together, these changes resulted in downward revisions to FinCEN’s previously estimated aggregate burden hours and expected costs.

Annual Cost to Federal Government: $2,600,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: FinCEN Resource Center 800 767-2825 frc@fincen.gov

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